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£200,000 mortgage beast

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
6 replies 693 views
loveanicecupoftealoveanicecupoftea Forumite
2 posts
edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
Yes, it's a huge mortgage. Yes, I'm in the South East. I'm a single parent, self employed and I really want to tame this mortgage beast!

Replies

  • Right, that's the first post out the way! A bit more about me and the old finances.
    I took the mortgage out when I was in a secure job earning a decent amount of money. Last year I went self employed, and a year in I've been taking stock and deciding what to do. There's still 23 years to run on the mortgage, it's £957 a month and I'm going to try and overpay by as much as possible over the next two years before I have to change to a different rate again.
    It's very close to getting under the £200,000 mark, currently £200,700. I think psychologically it will help a lot to get past that barrier!
  • FIREdocFIREdoc Forumite
    53 posts
    Second Anniversary 10 Posts
    Welcome and yay new diary! Great having such a neat milestone within reach! Keep us updated ��
    Starting mortgage Summer 2018 - £213,500
    2018 [STRIKE] Dec £205,330 [/STRIKE]
    2019 [STRIKE]Jan £204 200 MAY £199,650 August £196 000[/STRIKE] December £193 500

    [STRIKE]Goal for 2019 - £195,000.[/STRIKE] Goal for 2023 - £125000
    MFW2019 #89 £4303/£10,000
  • twinklietwinklie Forumite
    4.7K posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    I'm in the over 200K club too so will be following with interest.
    Daily mortgage interest May 21 - £14.70 Reduction interest - £1.76
    % of house owned/% of mortgage paid off.
    May 21 - 19.99/10.63%
    MFiT-T5 #13 £23,421/ £30,000 at last update April21
    MFW 2021 #6 - £550.30/ £600
  • Tartan_MumTartan_Mum Forumite
    186 posts
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Me too! Best of luck :)
    #36 MFW 2021 challenge
    Small OPs are better than no OPs!
    Feb 2018 £231,000 / Apr 2042
    Current £170,000 / Feb 2038
  • I also have a £200k+ mortgage looking to get under £200k by remortgage. Wishing you well :)
    December 2020 - £167,500 remaining
    December 2019 - £211,500
    March 2019 - £218,000 moved house
  • CosmoCatCosmoCat Forumite
    681 posts
    Part of the Furniture 500 Posts Combo Breaker
    ✭✭
    Yep £200k+ mortgage here too! Welcome and happy new diary. All the best.
    MFW Newbie - #17. (#116 in 2019)
    New Mortgage at Nov 19 - £273 499
    Current Balance - £268 225
    Want to cut down 26 year mortgage by 9 years!
    New MF date 2036 :dance:
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